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Mergers & Acquisitions
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									October 20, 2025
									Surfacing Co. Says AIG Must Cover Acquisition LossesA decorative surface manufacturer told a Delaware state court that an AIG unit must cover losses incurred after the chemical company it acquired allegedly misrepresented the state of its relationship with the company's top customer. 
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									October 20, 2025
									2 Firms Steer $170M Merger Of Ill. Bank Holding Cos.The holding companies of Illinois-based Heartland Bank and Trust Co. and CNB Bank & Trust NA will merge in a $170.2 million combined stock and cash transaction, the companies announced Monday. 
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									October 20, 2025
									Trump Media Aims To DQ Gunster In Fight With InvestorsTrump Media & Technology Group, which owns President Donald Trump's Truth Social platform, is fighting with investors over whether Gunster should be allowed to represent them against the company's lawsuit over taking the business public in light of a Florida state judge's ties to the firm. 
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									October 20, 2025
									Catching Up With Delaware's Chancery CourtThis past week, the Delaware Chancery Court and Supreme Court handled a crowded corporate docket, weighing blockbuster merger appeals, shareholder settlement objections, fights over control involving an NBA franchise and a high-profile appeal from Elon Musk involving a massive payday from Tesla. 
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									October 20, 2025
									UK Steps Up Antitrust Probe Into Getty-Shutterstock MergerThe U.K. antitrust regulator escalated its investigation into Getty's proposed acquisition of Shutterstock, citing on Monday "realistic" risks that a combined $3.7 billion entity could harm competition. 
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									October 20, 2025
									Crypto Exchange To Go Public Via $1B SPAC MergerDavis Polk & Wardwell LLP-led digital asset treasury Evernorth Holdings Inc. on Monday unveiled plans to go public through a merger with special purpose acquisition company Armada Acquisition Corp II, advised by Wilson Sonsini Goodrich & Rosati PC, in a deal that is expected to raise over $1 billion in gross proceeds. 
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									October 20, 2025
									UK Clears $24.2B Global Payments Deal For WorldpayBritain's antitrust authority said Monday that it has given the green light to Global Payments' planned acquisition of payments giant Worldpay for $24.25 billion after finding that it will not harm competition in any U.K. markets. 
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									October 20, 2025
									L'Oréal To Buy Kering's Beauty Division In €4B DealFrench cosmetics giant L'Oréal will buy the beauty division of luxury goods business Kering including perfumer House of Creed, in a €4 billion ($4.7 billion) deal, the companies have said, as Kering seeks to slash its debt and focus on its core fashion brands. 
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									October 17, 2025
									Nursing Exec Denied New Trial On Wage-Fixing ClaimsA Nevada federal judge has denied a new trial to a nursing executive convicted of wage-fixing conspiracy and wire fraud after he claimed the U.S. Department of Justice misled the jury about sweetheart terms of a cooperation deal with another company. 
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									October 17, 2025
									Altria, Juul May Face Certified 'Frankenstein' Antitrust ClassA California federal judge indicated on Friday that he will likely certify classes of direct and indirect purchasers accusing e-cigarette makers Juul and ex-rival Altria of violating antitrust laws by conspiring to reduce product variety on the market, although Altria's lawyer urged the judge to reconsider and avoid a "Frankeinstein" for damage calculations. 
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									October 17, 2025
									Settlement Balk Jeopardizes $32M Class Deal In ChanceryAn attorney for a large Emisphere Technologies stockholder told a Delaware vice chancellor on Friday that Court of Chancery refusal to allow an opt-out from a $32 million class settlement in a suit challenging the biotech company's $1.8 billion sale price "would have to be addressed by the U.S. Supreme Court." 
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									October 17, 2025
									Charter-Cox Deal Called Rational, Given Cable Biz DeclineConservative think tank Free State Foundation thinks the Federal Communications Commission should give Charter Communications' $34.5 billion plan to merge with Cox Communications the green light, given the fact that "cable television is deep in decline." 
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									October 17, 2025
									Cornerstone, Peoples Bank To Form $3.1B Texas LenderHouston-based Cornerstone Capital Bancorp Inc. said Friday that it has agreed to acquire Peoples Bancorp Inc. of Lubbock, Texas, in a deal that will deepen its Texas presence and unite two community banks into a $3.1 billion-asset franchise. 
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									October 17, 2025
									Kabbage Targets Ex-Execs, AmEx In $746M Ch. 11 ClawbackThe bankruptcy estate handling the wind-down of former financial services provider Kabbage Inc. sued American Express and Kabbage's former directors and shareholders in an attempt to claw back $746 million that was transferred to American Express as part of a 2020 merger between the two companies. 
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									October 17, 2025
									Robbins Geller To Steer REIT Investors' Suit Over $787M DealRobbins Geller Rudman & Dowd LLP will lead a proposed class of investors in real estate investment trust Broadmark Realty Capital Inc. who claim they were misled by executives from the REIT ahead of a $787 million merger with Ready Capital Corp. in 2023. 
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									October 17, 2025
									Phoenix Suns Minority Owners End Suit, Shift To CountersuitMinority owners of the NBA's Phoenix Suns on Friday dropped their Delaware Court of Chancery lawsuit seeking to obtain certain company documents, but said they are now focused on asserting counterclaims of mismanagement and misconduct in a suit filed earlier this week by majority owner Mat Ishbia. 
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									October 17, 2025
									B. Riley Wants Out Of Lottery.com Chancery CaseA California-based banking firm asked the Delaware Chancery Court in a brief unsealed Friday to drop it from the stockholder class action over Lottery.com's 2021 special purpose acquisition company merger, claiming it was late to the party. 
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									October 17, 2025
									Federal Courts To Scale Back Operations Amid ShutdownThe federal court system has run out of money and will scale back operations beginning Monday as a result of the ongoing government shutdown, possibly leading to case delays. 
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									October 17, 2025
									Boston Scientific Buying Rest Of Pain Therapy Biz For $533MBoston Scientific Corp. said on Friday it will buy the remaining stake in Nalu Medical Inc. it does not already own for about $533 million, strengthening its position in neuromodulation therapies for chronic pain. 
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									October 17, 2025
									2 Firms Steer $4.2B Mandarin Oriental BuyoutHong Kong-based conglomerate Jardine Matheson Holdings Ltd. said Friday it will acquire the remaining 11.96% of Mandarin Oriental International Ltd. that it does not already own, valuing the luxury hotel operator at about $4.2 billion. 
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									October 17, 2025
									26North Leads $700M Investment In Sports, Media Group NEP26North Partners LP is leading a $700 million equity investment in NEP Group, a global provider of broadcast and live event production services, the companies said Friday. 
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									October 17, 2025
									Taxation With Representation: Latham, Kirkland, WachtellIn this week's Taxation With Representation, the Artificial Intelligence Infrastructure Partnership, MGX, and BlackRock's Global Infrastructure Partners acquire Aligned Data Centers from Macquarie Asset Management and co-investors; Rayonier Inc. and PotlatchDeltic Corp. merge to create a timber and wood products giant; and a Lone Star Funds affiliate acquires industrial processing equipment provider Hillenbrand Inc. 
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									October 17, 2025
									Barton Lands Ex-BigLaw M&A Partner In NYBarton LLP has added a former BigLaw attorney as a mergers and acquisitions partner in its New York office. 
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									October 17, 2025
									BBVA To Launch €1B Buyback After Bid For Rival FailsSpanish lender Banco Bilbao Vizcaya Argentaria will commence a share buyback scheme after learning that its protracted €19.5 billion ($22.8 billion) public takeover offer for domestic rival Banco Sabadell had failed. 
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									October 17, 2025
									White & Case-Led Engineer To Sell Unit To Molex For £1.3BIndustrial engineering business Smiths Group has said that it has agreed to sell its electronic components business Smiths Interconnect to its rival Molex Electronic Technologies for £1.3 billion ($1.7 billion) in a transaction guided by White & Case and Jones Day. 
Expert Analysis
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								FTC Focus: When Green Goals And Antitrust Law Collide.jpg)  A recently concluded Federal Trade Commission investigation has turned an emissions deal involving major U.S. heavy-duty truck manufacturers that was brokered by the California Air Resources Board into a cautionary tale about the potential for environmental agreements to run afoul of competition rules, say attorneys at Proskauer. 
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								Structuring Noncompetes In License And Collaboration Deals.jpg)  As companies grappling with coming patent cliffs look to mergers and acquisitions to compensate, contracting parties assessing biopharma license and collaboration agreements should prepare to agree on noncompetes that ensure the parties' respective objectives are met and that their incentives are aligned, both under their collaboration and beyond, says Jeff Jay at Freshfields. 
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								Series Coaching Cheerleading Makes Me A Better Lawyer  At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan. 
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								Series Law School's Missed Lessons: How To Make A Deal  Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable. 
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								Annual Report Shows CFIUS Extending Its Reach In 2024  The recently released 2024 annual report from the Committee on Foreign Investment in the United States reveals record civil penalties and enhanced internal capabilities, illustrating expanding jurisdiction and an increasing appetite for enforcement actions, says Nathan Fisher at StoneTurn. 
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								From Clerkship To Law Firm: 5 Transition Tips For AssociatesExcerpt from Practical Guidance  Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler. 
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								Cybersecurity Risks Can Lurk In Gov't Contractor Acquisitions  The Justice Department’s recent False Claims Act enforcement activity against Raytheon and Nightwing-related defense contractors demonstrates the importance of identifying and mitigating potential cybersecurity compliance risks when acquiring a company that contracts with the federal government, say attorneys at Foley & Lardner. 
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								Associates Can Earn Credibility By Investing In Relationships  As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron. 
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								Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling  The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law. 
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								Opinion Aviation Watch: Liability Lessons From 737 Max Blowout  The National Transportation Safety Board's recently released report on the 2024 door plug blowout on board a Boeing 737 Max airliner helps illuminate how a company's strategic mistakes can lead to flawed decision-making and supply chain oversight failures, ultimately increasing regulatory and legal exposure, says Alan Hoffman, a retired attorney and aviation expert. 
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								Opinion Sometimes Int'l Competition Should Trump Antitrust Concerns.jpg)  The U.S. Justice Department's approval of HPE's $14 billion acquisition of Juniper Networks shows that a merger that significantly enhances innovation and competitiveness may serve consumer and national interests despite marginally increasing industry concentration, says John Reeves at Reeves Law. 
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								Divest Order Shows How Security Fears Extend CFIUS Scope  A recent White House order forcing a Chinese company to divest its 2020 acquisition of a U.S. audiovisual supplier demonstrates the Committee on Foreign Investment in the United States’ growing power to sink foreign transactions over national security concerns — and the enormous risks to U.S. companies from such reviews, say attorneys at Bass Berry. 
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								Series Quilting Makes Me A Better Lawyer  Turning intricate patterns of fabric and thread into quilts has taught me that craftsmanship, creative problem-solving and dedication to incremental progress are essential to creating something lasting that will help another person — just like in law, says Veronica McMillan at Kramon & Graham. 
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								SDNY Ruling Reinforces Joint Steering Committee Obligations.jpg)  The recent Southern District of New York decision in ChemImage v. Johnson & Johnson makes joint steering committees a valuable tool in strategic relationships, as provisions for such committees can now be wielded to demand attention to core issues, say Lisa Bernstein at the University of Chicago Law School, and Reginald Goeke and Brad Peterson at Mayer Brown. 
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								What 2 Profs Noticed As Transactional Law Students Used AI  After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.